Nearing resistance | 18 November 2013
18 November 2013, EUR/USD
The EUR/USD pair is in a short-term up-trend. It is above the 45° trend line both on the 5 pip and the 25 pip charts. It will probably continue climbing. The count from the recent 1.3295 lows generates an up-target of 1.3685 and there is a possibility this will be reached eventually. There is tough resistance at 1.3525, however, which could slow down the rise higher. Any pull-backs would be expected to fall back down to 1.3450. A break above 1.3550 would signal a more significant reversal of trend.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
